Kodiak Gas Services Inc. (NYSE: KGS) priced its underwritten public offering of 10.56 million shares of common stock at $71 per share, according to a company statement.

The company granted underwriters a 30-day option to purchase up to an additional 1.58 million shares at the public offering price, less underwriting discounts and commissions. The offering is expected to close on March 15, 2026, subject to customary closing conditions.

Kodiak plans to use net proceeds for general corporate purposes, including repayment of a portion of outstanding borrowings under its asset-based lending facility. The company may also use funds for growth capital to purchase additional power generation equipment. Pending potential use for growth capital, Kodiak may temporarily apply proceeds to repay outstanding borrowings under its lending facility.

Goldman Sachs & Co. LLC and J.P. Morgan serve as joint book-running managers for the offering. Joint bookrunners include Barclays, BofA Securities, Citigroup, Jefferies, Piper Sandler, RBC Capital Markets, Wells Fargo Securities, Rothschild & Co, Stifel, Texas Capital Securities, TPH&Co., William Blair, and Raymond James.

The offering is being conducted through a prospectus supplement and accompanying base prospectus, filed as part of an automatic shelf registration statement on Form S-3ASR with the Securities and Exchange Commission. The registration statement became automatically effective upon filing on May 13, 2026.

Kodiak, headquartered in The Woodlands, Texas, provides contract compression, distributed power, and energy infrastructure services to oil and gas producers, midstream customers, and digital infrastructure operators in the United States.